Beware of Potential Counterfeiters: Over 200 KOLs Receive SAVM Tokens from SatoshiVM Project

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248 KOLs received tokens SAVM from the SatoshiVM project team
More than half of the KOLs may have sold SatoshiVM (SAVM)
KOLs clarify: still optimistic about SatoshiVM (SAVM)
248 KOLs received tokens SAVM from the SatoshiVM project team
On the evening of the 19th, blockchain detective ZachXBT posted a message pointing out that the Bitcoin ecosystem ZK Rollup project “SatoshiVM” is sending SAVM tokens to a large number of KOLs.
Many projects often use KOLs to help market and promote, in order to generate a certain level of hype.
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ZachXBT stated:
Remember that when KOLs with a large number of followers start promoting a specific project at the same time, it is likely that they are only doing so because they have received token allocations from the project team and see you as a dumping target.
ZachXBT only named five KOLs:
@ThorHartvigsen
: 76,000 followers
@wacy_time1
: 107,000 followers
@nuhbatuhann
: 52,000 followers
@murtazasats
: 23,000 followers
@Cryptoinsightuk
: 23,000 followers
Blockchain institution Lookonchain also pointed out that as many as 248 KOLs received tokens from the project team.
More than half of the KOLs may have sold SatoshiVM (SAVM)
Lookonchain pointed out that SatoshiVM transferred 1,217,000 SAVM tokens (worth about $10.5 million) to the wallets of 248 KOLs, accounting for 11.5% of the total supply.
Currently, these 248 addresses only hold 483,000 SAVM tokens, of which 734,000 SAVM tokens have been transferred or sold.
The official statement from SatoshiVM only mentioned providing “something” for testnet users and early supporters, urging users to be aware that there are currently no airdrops and to continue to pay attention to the release of the SatoshiVM alpha mainnet to avoid being deceived.
KOLs clarify: still optimistic about SatoshiVM (SAVM)
Thor Hartvigsen’s tweet mentioned the following points:
He is a seed round investor in SAVM.
Still optimistic about SatoshiVM attracting a large amount of liquidity in the BTCFi field.
He sold SAVM at $6 because the costs of many IDOs and secondary markets were below $1.
He has bought back all positions at $12 and does not want to hide anything.
He received more than 20 private messages cursing him to die, and he will take a few weeks off.
SatoshiVM
SAVM
ZachXBT
Bitcoin ZK Rollup

Further reading
Blockchain detective ZachXBT announces temporary departure from Twitter, ZachXBT meme coins emerge on major public chains
Misuse of public goods? Considering the sustainability of Web3 public goods from the perspective of Optimism’s funding project